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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Starmer Rejects Claims of UK Role in US Venezuela Strikes

                                                  British Prime Minister Keir Starmer
                        

Prime Minister Keir Starmer has firmly denied that Britain played any part in the United States’ recent military strikes on Venezuela, distancing the UK from a rapidly escalating international confrontation.

Speaking to reporters, Starmer said the UK “was not involved in any way” and emphasized that no British military assets or personnel supported the U.S. operation. He added that his government is working to verify details of the strike and intends to speak directly with U.S. leadership to gain clarity on the situation.

The Prime Minister also highlighted the importance of international law and confirmed that British officials are monitoring the safety of UK nationals currently in Venezuela.

The U.S. action has triggered widespread global reaction and heightened uncertainty about Venezuela’s political future. Starmer’s comments signal a clear effort to keep Britain at arm’s length from the unfolding crisis.


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